-LRB- CNN -RRB- -- Manny Pacquiao returned home to a hero 's welcome in his native Philippines on Friday after wresting the WBO welterweight title from Miguel Cotto on a 12th round technical knockout in Las Vegas .

` Pacman ' has a fanatical following in the Philippines which has been further enhanced by his record breaking victory as he claimed his sixth world title at a different weight by beating Cotto on Saturday night .

`` Welcome home , the world 's bext boxer of all time , '' read a banner as thousands of fans greeted the 30-year-old .

Following his hard-fought victory over Puerto Rican Cotto , all the talk is of a cash-rich superfight with American Floyd Mayweather Jr. next year .

Leading promoter Bob Arum said he is ready to put the pay-per-view extravaganza at the 147-pound welterweight class , with Las Vegas the preferred venue .

Pacquiao played down the possibility as he talked to reporters on his return .

`` We are not forcing a fight with him . It is right that he is the one challenging me , because my fights score more on pay-per-view , '' he said .

Pacquiao has greatly enhanced his reputation with successive wins over Oscar de la Hoya , Britain 's Ricky Hatton and Cotto .

Mayweather returned to the ring with a comfortable win over Juan Manuel Marquez and has the reputation for grossing massive receipts from his pay-per-view appearances .

For the moment , Pacquiao will spend time at home with his wife , Jinkee , and three children and is also set to pursue his ambition to enter Filippino politics , standing for a congressional seat in his home island of Mindanao .

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Manny Pacquiao returns home to Philippines after Las Vegas triumph

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Pacman won world title at sixth different weight after beating Miguel Cotto

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Cash-rich fight against Floyd Mayweather Jr. in the offing in the United States